NASDAQ:MRVL - Marvell Technology Group Stock Price, News, & Analysis

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

Marvell Technology Group declared a quarterly dividend on Friday, September 14th. Investors of record on Tuesday, October 2nd will be given a dividend of $0.06 per share on Tuesday, October 23rd. This represents a $0.24 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Monday, October 1st. View Marvell Technology Group's Dividend History.

Marvell Technology Group declared that its board has approved a share repurchase program on Tuesday, October 16th 2018, which allows the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 7.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Marvell Technology Group Ltd. (NASDAQ:MRVL) released its earnings results on Thursday, September, 6th. The semiconductor company reported $0.28 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.29 by $0.01. The semiconductor company earned $665.31 million during the quarter, compared to the consensus estimate of $685 million. Marvell Technology Group had a return on equity of 10.70% and a net margin of 15.36%. The business's revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 earnings per share. View Marvell Technology Group's Earnings History.

Marvell Technology Group is scheduled to release their next quarterly earnings announcement on Tuesday, November 27th 2018. View Earnings Estimates for Marvell Technology Group.

25 Wall Street analysts have issued 1-year price targets for Marvell Technology Group's shares. Their predictions range from $13.00 to $33.00. On average, they expect Marvell Technology Group's share price to reach $25.8043 in the next year. This suggests a possible upside of 45.3% from the stock's current price. View Analyst Price Targets for Marvell Technology Group.

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 2 hold ratings and 23 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Marvell Technology Group.

Marvell Technology Group saw a increase in short interest in September. As of September 28th, there was short interest totalling 19,042,183 shares, an increase of 18.6% from the September 14th total of 16,055,403 shares. Based on an average daily trading volume, of 11,372,020 shares, the days-to-cover ratio is presently 1.7 days. Currently, 3.0% of the company's shares are sold short. View Marvell Technology Group's Current Options Chain.

Some companies that are related to Marvell Technology Group include Micron Technology (MU), Applied Materials (AMAT), Analog Devices (ADI), NXP Semiconductors (NXPI), Advanced Micro Devices (AMD), Infineon Technologies (IFNNY), TOKYO ELECTRON/ADR (TOELY), Kyocera (KYO), Kyocera (KYOCY), Xilinx (XLNX), Microchip Technology (MCHP), Skyworks Solutions (SWKS), STMicroelectronics (STM), Maxim Integrated Products (MXIM) and Qorvo (QRVO).

Marvell Technology Group's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Swedbank (0.67%), Sumitomo Mitsui Asset Management Company LTD (0.54%), Strs Ohio (0.20%), Seven Eight Capital LP (0.07%), Zweig DiMenna Associates LLC (0.05%) and State of New Jersey Common Pension Fund D (0.03%). Company insiders that own Marvell Technology Group stock include Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan and Sehat Sutardja. View Institutional Ownership Trends for Marvell Technology Group.

MRVL stock was sold by a variety of institutional investors in the last quarter, including Zweig DiMenna Associates LLC, Swedbank, State of New Jersey Common Pension Fund D, Eidelman Virant Capital, CenturyLink Investment Management Co and Andra AP fonden. Company insiders that have sold Marvell Technology Group company stock in the last year include Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan and Sehat Sutardja. View Insider Buying and Selling for Marvell Technology Group.

MRVL stock was bought by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Asset Management Company LTD, Strs Ohio, Seven Eight Capital LP, Essex Investment Management Co. LLC, State of Alaska Department of Revenue, Xact Kapitalforvaltning AB, Oakbrook Investments LLC and Aperio Group LLC. View Insider Buying and Selling for Marvell Technology Group.

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of MRVL stock can currently be purchased for approximately $17.76.

Marvell Technology Group has a market capitalization of $11.91 billion and generates $2.41 billion in revenue each year. The semiconductor company earns $520.83 million in net income (profit) each year or $1.04 on an earnings per share basis. Marvell Technology Group employs 3,749 workers across the globe.

The official website for Marvell Technology Group is http://www.marvell.com.

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]